Geographic location: A home in an area prone to disasters—such as hurricanes, tornadoes, earthquakes, or wildfires—will likely cost more to insure. ; Coverage selections: The coverage limits, deductibles, and optional coverages/riders you choose can all affect the cost of your policy. ; Construction materials: Homes built with materials resistant to fire, wind, storms, and other hazards may cost less to insure.
State, Average cost per year for $350,000 in dwelling coverage ; Alabama, $2,157 ; Alaska, $1,060 ; Arizona, $1,401 ; Arkansas, $3,055 ; California, $1,129 ; Colorado, $2,792 ; Connecticut, $1,298 ; Delaware, $987 ; Florida, $2,026 ; Georgia, $1,771
home insurance, up from 5% in 2019. It’s the highest level of uninsured homeowners the industry-funded research group has seen, and follows a dramatic spike in the cost of coverage. “It...
Key insights from Bankrate's 2024 home insurance rates analysis: On average, the most expensive states for homeowners insurance are Nebraska, Florida and Oklahoma, while the least expensive states are Vermont, Nevada and Delaware. While inflation has slowed down since its peak, insurance rates are reactionary. The cost of home insurance is still increasing due to the impact inflation has had on the previous losses experienced by the insurance company, the elevated cost of building materials and ...
Homeowners insurance rates rising ; Why home insurance rates are rising · Where homeowners rates rose the most · How to save on home insurance · FAQs
Our homeowners insurance calculator helps you estimate your total premium by using the average rate among insurers in your ZIP code.
Bankrate helps you estimate your homeowners insurance cost.
Getting a quote is quick and easy, but sometimes you want a homeowners insurance estimate. Use these tips to get a ballpark figure for your insurance premium.
The average annual cost of U.S. homeowners insurance is $2,728 — or $227 per month, according to data from Quadrant Information Services. However, the rate you will pay depends on a variety of factors that pinpoint risks for you and your home. Auto-Owners is the most affordable home insurance provider based on the MarketWatch Guides team’s research. Nebraska, Louisiana and Oklahoma have the highest U.S. average annual home insurance premiums.
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate homeowners insurance products to write unbiased product reviews. A home is the biggest asset and the most significant expense for most Americans. Homeowners insurance will protect you from financial hardship if you need to rebuild or replace your home or the items in your home. Additionally, homeowners insurance covers your assets if you' ...